Participation in the Promotion constitutes acceptance of these Terms and Conditions.

1.

This Promotion is valid from 1 April 2020 to 30 June 2020, both dates inclusive (the “Promotional Period”), unless otherwise indicated below. This Promotion is not to be used with any other ongoing promotion offers. This Promotion comprises:

enrol in the promotion by submitting the online registration form on the DBS Treasures Private Client webpageor enrol through a DBS Treasures Private Client Relationship Manager and receive a confirmation email from the Bank

during the Promotional Period are eligible to participate in this Promotion.

3.

Customers are not eligible if they have closed an Account with DBS Treasures Private Client or DBS Private Bank in the last twelve (12) months prior to the date of establishing a new banking relationship with DBS.

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NEW FUNDS PROMOTION

4.

To participate in the New Funds Promotion, a Customer must:

deposit a single sum of qualifying funds (“New Funds”) in the Multi Currency Settlement Account (the “Relevant Account”), which excludes Fixed Deposit Accounts during the Promotional Period, in an amount not less than SGD 1,500,000 and above or its equivalent in approved foreign currencies (“Approved Foreign Currencies”), by the third (3rd) month from account open date; and

maintain the Assets Under Management (“AUM”) in the Relevant Account with DBS, for at least three (3) months after the date (the “Relevant Period”) on which such New Funds was deposited;

5.

Customers who qualify for the New Funds Promotion are entitled to receive a cash credit (the “Reward”) which will be credited to the Relevant Account within two (2) months after the Relevant Period is met.

Minimum Amount of New Funds

Reward

Cash Credit

SGD 1,500,000 and above or its equivalent in approved foreign currencies

SGD 6,000

6.

Each eligible Customer is entitled to only one (1) Reward capped at SGD 6,000 in cash credit at any time regardless of the amount of the New Funds (so long as such New Funds meets the minimum amount stated in clause 4(a) or the number of accounts which the eligible Customer may open or have with DBS, whether alone or jointly with any other person(s). In the case of joint account holders, only one (1) Reward will be awarded.

7.

If the New Funds or AUM is not maintained in the Relevant Account with DBS at any time during the Relevant Period or if the DBS Treasures Private Client Account is closed within twelve (12) months from the date on which it is opened and if DBS has awarded the Reward to the eligible Customer, DBS shall be entitled to recover the Reward by debiting such sum from the Relevant Account or any other account that the eligible Customer maintains with DBS.

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ONLINE EQUITY TRADING PROMOTION

8.

The Promotion is applicable to Customers, who have not made an online equity trades via iWealth (Internet banking/Mobile banking) from 1 April 2019 to 31 March 2020 (both dates inclusive).

9.

Eligible Customers are entitled to a full commission rebate for the first five (5) trades. This is only applicable to trades executed in any of the 7 online markets via the DBS Online Equity Trading platform between 1 April 2020 to 30 June 2020.

10.

Standard commission will be charged upfront and subsequently rebated by 31 August 2020. Expenses imposed by The Central Depository (Pte) Limited and/ or DBS’ custodian will be borne by Customers.

11.

All commission rebates will be credited to Customers’ default Multi-Currency Settlement Account (“MCSA”). The rebate amount will be based on the respective trading currency which the brokerage was charged.

12.

If the MCSA is closed before 31 August 2020, Customer will be disqualified from the DBS Online Equity Trading Promotion and will not be entitled to the trade rebate.

13.

The Customer remains liable for the payment of any transfer-out fee, and any and all other transactional fees payable to any third party, including, but not limited to, any tax or stamp duty, transaction levy, exchange fee, clearing fee, or market fee, that may be imposed on such Customer by law.

14.

Trade commission will be amalgamated when the trades are of the same stock, trading currency, market, settlement mode and trade date as well as the same mode of trade.

15.

This promotion cannot be used in conjunction with any other promotion offered by DBS Online Equity Trading.

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FUNDS TRANSFER-IN PROMOTION

16.

To qualify for the Funds Transfer-In Promotion, a Customer must:

transfer-in a minimum SGD 200,000 of Qualifying Funds (“Qualifying Funds”) into the MCSA between between 1 April 2020 to 30 June 2020, both dates inclusive.

maintain the Qualifying Funds with DBS in the MCSA for the two (2) months after the date the Qualifying Funds are transferred-in.

17

Customers who qualify for the Funds Transfer-In Promotion are entitled to receive the Reward which will be credited to the Relevant Account by 30 September 2020.

Minimum Amount of Qualifying Funds transferred in

Reward

Cash Credit

≥ SGD 1.5 million or its foreign currency equivalent

SGD 1,500

SGD 1 million or its foreign currency equivalent

SGD 1,000

SGD 500,000 or its foreign currency equivalent

SGD 500

SGD 200,000 or its foreign currency equivalent

SGD 200

18.

Each eligible Customer is entitled to only one (1) Reward capped at SGD 1,500 in cash credit at any time regardless of the total amount of Qualifying Funds that is transferred into the MCSA (so long as each transfer meets the minimum amount stated in clause 16 (a)). In the case of joint account holders, only one (1) Gift will be awarded.

19.

If the transferred-in Qualifying Funds is not maintained in the MCSA with DBS for a minimum of two (2) months or if the DBS Treasures Private Client Account is closed within twelve (12) months from the date on which it is opened and if DBS has awarded the Reward to the eligible Customer, DBS shall be entitled to recover the amount of the Reward by debiting such sum from the MCSA or any other account that the eligible Customer maintains with DBS.

20.

The cash reward will be in SGD and not in the Currency of Fund transferred-in.

21.

The Fund holding transferred in must be Cash held Fund. Funds held with CPF/ SRS monies are not eligible for the promotion.

22.

Exchange Traded Funds are not part of the promotion.

23.

Funds must be transferred-in from outside DBS. Any transfer within same or different accounts inside DBS are not eligible for the Promotion.

INSURANCE OFFER PROMOTION

25.

Each Customer is only entitled to sign up for one Qualifying Product (as defined below) only and may not be used in conjunction with any prevailing insurance promotion(s). The Qualifying Products must be issued by 30 June 2020.

26.

Customers who qualify for the Insurance Offer Promotion are entitled to receive a cash credit (the “Insurance Gift”) which will be credited to their designated account by 31 August 2020, after the policy crosses the 14-day free-look period. Each Policy Owner is only entitled to one (1) Insurance Gift.

Qualifying Products

Insurance Gift

Category A

Heirloom (VI)

Signature Life

Signature Income

Signature Indexed Universal Life

Insurance Gift

Minimum Single Premium Amount

SGD 5,000

USD 1,000,000

SGD 3,000

USD 500,000

*Terms and conditions of the prevailing promotions will apply, at the point of issuance of the Qualifying Products.

27.

The exchange rate for USD to SGD for USD denominated Qualifying Products will be fixed at 1.35.

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HOME LOAN OFFER PROMOTION

28.

The Home Loan Offer interest rates are:

3 Year Fixed Rate Package

This package is only valid for completed properties in Singapore with minimum loan amount of SGD500,000.

Enjoy a free conversion to any prevailing loan packages after 36 months of your loan.

Year 1 - 3

Year 3 onwards

1.68% p.a.

FHR8 + 1.38% p.a.

* Fixed Deposit Home Rate 8 (FHR8) refers to the prevailing 8 months Singapore dollar fixed deposit interest rate of DBS Bank for amounts within SGD 1,000 to SGD 9,999 or such other sum as we may specify. The current FHR8 is 0.600% per annum .

29.

Valid for completed residential properties in Singapore, for new purchase or refinancing from another bank. Loan to be signed by 30 June 2020.

30.

The cash rebate amounts applicable for refinancing a private property home loan from another bank are:

Total home loan amount per property

Cash rebate amount

SGD 500,000 < SGD 1,000,000

SGD 2,000

SGD 1,000,000 < SGD 1,500,000

SGD 2,500

>= SGD 1,500,000

SGD 2,800

31.

Fees will apply in the event of prepayment or redemption during the commitment period, unless the said property is sold, whereby in this instance the commitment fee would be waived.

32.

Rates are subject to change without prior notice.

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GENERAL

33.

DBS’ decision on all matters relating to the Promotion shall be final and binding on all parties. No correspondence or claims will be entertained.

34.

DBS may suspend or discontinue the Promotion or vary these terms and conditions without prior notice or liability to any party. In the event of any inconsistency between these terms and conditions and any brochures, marketing or promotional materials relating to the Promotion, these terms and conditions will prevail.

35.

DBS shall not be liable for any injury, loss or damage whatsoever, whether direct or indirect, arising from or in connection with the Reward, Insurance Gift or the Promotion.

36.

DBS may at any time replace the Reward or Insurance Gift with any other item of similar value without giving prior notice.

37.

DBS may levy an administration charge (early account closure charge) if the DBS Treasures Private Client Account is closed within twelve (12) months of the date it is opened.

38.

DBS assumes no responsibility for any losses or damages or expenses arising in connection with this Promotion, howsoever arising, including without limitation, from any late or non-notification, any error in computing, technical hardware or software breakdown, malfunctions or defects, failed, delayed or incorrect transactions, or lost or unavailable network connections, or any notice that is lost or misdirected, which may affect a person’s eligibility to participate in the Promotion.

39.

These terms and conditions shall be read in conjunction with the terms and conditions governing the Relevant Account or MCSA, the Terms and Conditions Governing Electronic Services and the DBS Privacy Policy, which are available on DBS’ website at www.dbs.com.sg and which Customers agree to be bound by. In the event of any inconsistency, these terms and conditions shall prevail insofar as they apply to the Promotion.

40.

Customers consent to the collection, use and disclosure of their personal data by DBS and to such other third parties as DBS deems reasonable for the purposes of the Promotion. If Customers provide personal data of a third person for the purposes of the Promotion, Customers confirm that they have obtained such third person’s consent and consent on his/her behalf to DBS’ collection, use and disclosure of the personal data for that purpose.

41.

These terms and conditions are governed by Singapore law and parties agree to submit to the exclusive jurisdiction of the Singapore courts.

42.

Deposit Insurance Scheme: Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to SGD 75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to SGD 75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

43.

In these terms and conditions:

“Relevant Account” mean Multi Currency Settlement Account opened and maintained by a Customer with DBS whether alone or jointly with any other person(s); It excludes fixed deposit accounts.

“AUM” means Asset Under Management, which is defined by the total amount of cash and investments, including unit trusts, bonds, and equities maintained with the Bank.

“New Funds” mean new funds transferred from outside of DBS and exclude any funds transferred from any DBS/POSB account, funds withdrawn from any existing DBS/POSB account and re-deposited (whether part or in full) and funds deposited via any DBS/POSB cheque(s), cashier’s order(s) or demand draft(s).

“Qualifying Funds” means DBS approved share classes of a Fund for the specific client Segment. Non-qualifying share classes of a Fund are not eligible for the promotion. Funds must be transferred-in from outside DBS Bank into a Customer’s MCSA with DBS. Any transfer within the same or different accounts inside DBS Bank, including that of DBS Group Holdings’ subsidiaries, will not count towards “Qualifying Funds”.